Philippines construction firm Datem defers $100m IPO due to market conditions

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Philippine-based construction company Datem Inc declined to push through with its planned $100 million (P4.65 billion) initial public offering (IPO) reasoning out “uncertainty in the capital markets.”

Shanghai Equity Exchange to launch new high-tech OTC board for startups

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The Shanghai Equity Exchange (SEE), operator of the city’s over-the-counter equity market, said on Monday it has received regulatory approval to launch a hi-tech board for innovative start-ups, and plans to list the first firms by the end of this year. Launch of the so-called “technology innovation” board is part… Read more »


Indonesia: State-owned drug maker Kimia Farma to raise $146m via rights issue

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Indonesia state-controlled pharmaceutical company PT Kimia Farma Tbk (KAEF) is planning to raise Rp2 trillion ($146.04 million) through a rights issue in the fourth quarter of 2016. The company will issue new shares amounting to 1.1 billion units, or 20 per cent of its paid-up capital, at Rp1,000 apiece. The proceeds will… Read more »


Australia fintech Peppermint Innovation raises $2.8m in IPO to fuel Philippine expansion

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Australia-based fintech company Peppermint Innovation Ltd is gearing for rapid expansion in the Philippines after raising $2.8 million (AU$3.87 million) in an initial public offering over the weekend.


SGX attempts to consolidate regional corporate debt with new bond platform

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Singapore Exchange Ltd’s new corporate bond trading platform is expected to travel a difficult road, with some traders fearing that long-standing problems in Asia’s debt market will see the bourse struggle to make headway just like others before it. The platform, due to launch early next year, is the first of… Read more »


Singapore: KGI Fraser Securities joins sponsor pool of SGX Catalist board

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The Singapore Exchange (SGX) has picked KGI Fraser Securities Pte Ltd as a full sponsor on Catalist, its sponsor-supervised board for growth companies. With its new status as a full sponsor, KGI Fraser will be authorised to sponsor the listing of companies on Catalist as well as oversee their compliance with the exchange’s… Read more »


Indonesia Abeerdeen to launch Islamic mutual funds, eyes AUM $583.94m by 2019

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Indonesia fund manager PT Aberdeen Asset Management is preparing to sell the first Islamic mutual funds with offshore assets. The firm also hoping to be one of the country’s top five fund managers by assets under management (AUM) Rp 8 trillion ($582.94 million) in the next five years. “The potential… Read more »


Singapore: Sincap to raise S$5.5m by placing out new shares to expand coal trading subsidiary

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Singapore-listed Sincap Group Friday said it plans to place out S$5.48 million of new shares to expand its newly acquired coal trading and logistics business, Orion Energy Resources. The company, whose primary business involves trading of alumina and thermal coal, will be placing out 91.4 million new shares to 12… Read more »


Exclusive: Thailand’s metal parts maker BM to raise $8.35m from delayed IPO

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Thailand-based metal parts-maker Bangkok Metal Sheet PCL (BM) expects to raise at least 300 million baht ($8.35 million) through an initial public offering, which has been postponed to the second quarter next year. The IPO was delayed as the company tool longer for reorganising its financial structure and preparing the… Read more »


Tinder-owner Match debuts 24% higher on listing, valuing co at $3.57b

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Shares of media mogul Barry Diller’s MatchGroup Inc the owner of popular dating site Match.com and mobile app Tinder, jumped as much as 24 percent in their market debut on Thursday, valuing the company at $3.57 billion. Match Group, which touts itself as the world’s No. 1 dating company, is seen… Read more »